RailTel Corporation rises on securing work order of Rs 11.57 crore from RVNL
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Railtel Corporation Of India is currently trading at Rs. 115.05, up by 1.50 points or 1.32% from its previous closing of Rs. 113.55 on the BSE.
The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 116.20 and Rs. 114.00 respectively. So far 38505 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.70 on 10-Jun-2021 and a 52 week low of Rs. 84.00 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 116.20 and Rs. 106.80 respectively. The current market cap of the company is Rs. 3644.26 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 4.42% and 22.73% respectively.
RailTel Corporation has secured a work order from Rail Vikas Nigam (RVNL) worth Rs 11.57 crore for the installation of multi-protocol label switching (MPLS) virtual private networks (VPNs) at 33 locations across the country.
According to the work order agreement, the MPLS VPN network services will be created and maintained by RailTel at 33 locations of the RVNL. The services will be provided for a period of five years. RailTel shall provide 24x7 customer care support as a part of the service.
MPLS VPN is a flexible method to transport and route several types of network traffic using MPLS backbone. These services have now assumed more importance as enterprises are turning to cloud-based applications.
RailTel Corporation a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.
